The purpose of our paper is to analyse the relation between the inequalities of the healthcare system and economic growth. With respect to methodology, we focus on the eight development regions of Romania which group counties with different development levels and complementary economies. By...

International migration is an ancient phenomenon that lasted to this day at all qualitative and quantitative levels as a result of the influence of a sum of subjective and objective factors that are currently interfering with the components of the globalising process directly. The Romanians’...

This paper addresses a number of phenomena that characterize the euro area, one of them being the contagion effect. This is one of the mechanisms by which financial instability becomes so widespread that the crisis reached global dimensions. The following lines argue that contagion plays a...

Corporate governance is gaining interest not only from investors but companies that want to operate in international markets, prompting a more thorough analysis of the field to prioritise stakeholder interests alongside shareholder value. By adopting a holistic approach that considers...

In this paper, we analyse the determinants of job satisfaction, using the latest SHARE-ERIC dataset (Wave 7) filtered for Romania (over 2000 records). After applying logistic regressions with average marginal effects, we obtained an overall and seven regional models which emphasize that a good...

In time, there were a series of studies on the role of institutions, a number of growth theories and models being proposed, which have had different impacts on the real economic processes. Institutionalist approaches differ from one author to another, however we must note that economic growth is...

There is a simple case which combines different lines of thought of the institutional economy: institutions matter. If this hypothesis is considered to be central, transaction costs economics, property rights economics are part of institutional economics, as well as in public choice theory's...

The main purpose of this paper is to underline the downfalls of neoclassical growth theory. The narrow and artificial framework given by the neoclassical economists have no correspondent in real life. With a 'refreshed breath' the Austrian School of Economics tried to explain the dynamic and...